10-28
OceanPal Raises $120M to Launch Digital Asset Treasury and AI Platform on NEAR Protocol
Nasdaq-listed shipping company OceanPal Inc. closed a $120 million private placement to establish SovereignAI Services LLC, a subsidiary focused on blockchain and AI infrastructure developed with the NEAR Foundation. Kraken, Proximity, Fabric Ventures, and G20 Group participated alongside the NEAR Foundation. The funds will support a NEAR Protocol-based digital asset treasury and a confidential AI cloud platform using NEAR and Nvidia technologies.
10-28
10-27
Crypto Investment Products Draw $921M in Weekly Inflows as Rate-Cut Expectations Build
Global digital asset investment products recorded $921 million in net inflows last week, reversing the prior week's $513 million in outflows, according to CoinShares. Bitcoin-focused funds attracted $931 million, while Ethereum products saw $169 million in net outflows. Improved investor sentiment followed lower-than-expected CPI data released Friday, reinforcing expectations for further interest rate cuts this year.
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10-27